Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and med devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets $ 13,884 11,265 17,509 2,116 23,939 68,713 Long-term investments 130,508 Property, plant, and equipment, net 20,679 Other noncurrent assets 12,556 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: $232,456 Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stackbaldone?. $ 30,277 18,503 8,515 6,325 63,620 29,066 27,932 120,618 1 23,712 88,125 111 030 Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 1 23,712 88,125 111,838 $232,456 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,274 from banks due in two years. b. Purchased additional investments for $21,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,578 in cash and signed a short-term note for $1,418. d. Issued additional shares of common stock for $1,476 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,016 for $19,016 cash. f. Declared $11,133 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 2 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) Cash Beg. Bal. 13,884 Short-term Investments Beg. Bal. 11,265 ! Required information End. Bal. 0 End. Bal. | 29,066 Other Noncurrent Liabilities Common Stock Beg. Bal. 27,932 Beg. Bal. 1 End. Bal. 27,932 End. Bal. 1 Additional Paid-in Capital Retained Earnings Beg. Bal. 23,712 Beg. Bal. 88,125 End. Bal. 23,712 End. Bal. 88,125